2-bed · 1,578 sqftExecutive Tower M (West Heights 1), Business Bay · 34th floor · completed 2009

3401, Executive Tower M (West Heights 1)

Sold prices and rental history: sold 4 times, last in December 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3401 · DLD and Ejari recordsUpdated 1 July 2023
Last soldAED 1.78M16 December 2022
Current rentAED 99K /yr1 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3401, Executive Tower M (West Heights 1)

What is 3401 worth today?

Last sold for AED 1,780,000 in 2022

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1 Jul 2023RentedNew contract
AED 99,000/yr3 months · AED 63 per sqft
16 Dec 2022SoldReady
AED 1,780,000AED 1,128 per sqft
1 Jul 2022RentedNew contract
AED 99,000/yr12 months · AED 63 per sqft
7 Mar 2022SoldReady
AED 1,550,000AED 982 per sqft
25 Jun 2021RentedNew contract
AED 90,000/yr12 months · AED 57 per sqft
29 Feb 2016RentedRenewal
AED 132,857/yr6 months · AED 84 per sqft
1 Mar 2015RentedNew contract
AED 135,000/yr12 months · AED 85 per sqft
9 Aug 2014RentedNew contract
AED 155,000/yr12 months · AED 98 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 July 2023.

Key facts

Type
2-bed apartment
Size
1,578 sqft
Floor
34th of 51
Parking
MM - 144
Developer
Dubai Properties
Completed
2009
Service charge
AED 23,400 /yr
Last sold
AED 1.78M · December 2022

About 3401, Executive Tower M (West Heights 1)

3401 is a two-bedroom apartment of 1,578 sqft on the 34th floor of Executive Tower M (West Heights 1), a 51-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 16 December 2022 for AED 1,780,000, or AED 1,128 per sqft, 8% above the AED 1,045 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 1 July 2023, is AED 99,000 a year: a gross yield of 5.6% on the 2022 price, before the service charge of about AED 23,400 a year.

Sales and rents for 3401 over time

Sales
Unit 3401, each saleTypical two-bed in Executive Tower M (West Heights 1)
2M20102014201820222026Typical sale price by year: 2010 AED 1,595,000; 2011 AED 1,435,000; 2012 AED 1,425,000; 2013 AED 1,810,000; 2014 AED 2,305,000; 2015 AED 2,087,500; 2016 AED 1,950,000; 2017 AED 2,000,000; 2018 AED 1,505,000; 2019 AED 1,460,000; 2020 AED 1,293,606; 2021 AED 1,536,000; 2022 AED 1,550,000; 2023 AED 1,682,500; 2024 AED 1,950,000; 2025 AED 2,110,000Sold by developer, March 2010: AED 1,710,000 (AED 1,083 per sqft)Sold, June 2014: AED 2,650,000 (AED 1,679 per sqft)Sold, March 2022: AED 1,550,000 (AED 982 per sqft)Sold, December 2022: AED 1,780,000 (AED 1,128 per sqft)

3401 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3401, each contractTypical two-bed in Executive Tower M (West Heights 1)
100K150K2013201720212025Typical rent by year: 2013 AED 105,000; 2014 AED 126,750; 2015 AED 139,000; 2016 AED 135,000; 2017 AED 126,000; 2018 AED 115,000; 2019 AED 100,000; 2020 AED 85,000; 2021 AED 83,000; 2022 AED 93,057; 2023 AED 105,000; 2024 AED 125,000; 2025 AED 131,500; 2026 AED 140,000New contract, August 2014: AED 155,000 a yearNew contract, March 2015: AED 135,000 a yearRenewal, February 2016: AED 132,857 a yearNew contract, June 2021: AED 90,000 a yearNew contract, July 2022: AED 99,000 a yearNew contract, July 2023: AED 99,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Executive Tower M (West Heights 1), and where 3401 sits

All 213 2-beds →

3401 last sold in December 2022 at AED 1,128 per sqft, 8% above what two-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 1,045). Over the last 12 months two-beds sold for AED 2,090,000 to 2,500,000, around AED 1,523 per sqft, and rent for AED 100,000 to 165,000 a year. 3401's AED 99,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Jan 20262,500,000
6 Jan 20262,225,000
26 Dec 20252,200,000
9 Dec 20252,090,000
6 2-bed sales in the last 12 months

Executive Tower M (West Heights 1)

Building

330 apartments, 1-bed to 4-bed over 51 floors in Business Bay, completed in 2009 by Dubai Properties. 10 sold in the last 12 months.

Typical price per sqft
AED 1,432 Down 1.3%
Typical sale
AED 2.21M
Typical rent
AED 140K /yr
Typical yield
6.6%
Executive Tower M (West Heights 1), Business Bay: prices, sales and rents →
Value
34022-bedAED 1.52M · May 2012
34032-bedAED 1.98M · Oct 2015
34042-bedAED 1.65M · Feb 2024
34052-bedAED 1.52M · Jan 2012
34062-bedAED 1.21M · May 2014
34072-bedAED 1.54M · Oct 2021
34082-bedAED 1.78M · Jun 2010

3401, Executive Tower M (West Heights 1) in numbers

  • Sold 4 times: first on 2 March 2010 for AED 1,710,000, last on 16 December 2022 for AED 1,780,000 (AED 1,128 per sqft).
  • Rented since August 2014 on 6 Ejari contracts, from AED 155,000 to AED 99,000 a year.
  • At AED 99,000 a year the gross yield on the 2022 price is 5.6%, before a service charge of about AED 23,400 a year (AED 14.84 per sqft).
  • Two-beds in Executive Tower M (West Heights 1) sold for AED 2,090,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,432 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 July 2023.

Questions about 3401, Executive Tower M (West Heights 1)

What did unit 3401 last sell for?

AED 1,780,000 on 16 December 2022: AED 1,128 per sqft for 1,578 sqft. The unit has 4 registered sales; the first was AED 1,710,000 in March 2010.

What is the rent for unit 3401?

AED 99,000 a year on the contract signed on 1 July 2023. The previous contract, from July 2022, was AED 99,000; the unit has been rented since August 2014.

How big is unit 3401?

1,578 sqft (146.6 sqm): a two-bedroom apartment on the 34th floor of a 51-storey tower completed in 2009.

What is unit 3401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Executive Tower M (West Heights 1) sold for AED 2,090,000 to 2,500,000 in the last 12 months, around AED 1,523 per sqft.

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Mortgage on 3401, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 1.78M, 16 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,780,000
Deposit, UAE resident (20%)
AED 356,000
Deposit, non-resident (40%)
AED 712,000
Monthly over 25 years at 3.7%
AED 7,283

Plus AED 79,770 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →